New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-17
LIFTING THE OIL PRODUCERS BURDEN

PARTIAL AGREEMENT All the STANDARD CONFER
ENCE-sToRAGE RATES NOT SETTLED.
II was expected that the conference between the
representatives OF the Standard Oil interests and
large delegation OF producers. which began Oh Tues
day at the Fifth Avenue Hotel wouli be finished yes
terday But ho final agreement reached, Ough
important progress was made toward Il at end. The
producers who took part in yesterdays meeting are
able control directly by connections at least &C
per cent OF the entire yield OF Pennsylvania crude
petroleum Tho four largest oi-producing companies
were reprcsented-the Anchor Union and Fo,est OIL
Companies and the Associated Producers. Among
those present were j. j. Carter, chairman, j. L..
Mckinney and w. ). Ralson, OF Iitusyille. Penn; o.
". Beatty, Alfred Short, l.. j. Rockwell, Walter
Horton, ILLS Benedict and Captain II. II. Cummings,
OF Warren, Penn; j. b. Agnew, oil Forest County,
Penn; I. L. Thompson and l. NJ Shannon, OF
Bradford Penn; Joseph W. Craig, j. NJ: Gufy and
John titcIirn, OF Pttsburg John Hall, OF Buffalo, H.
V. V. franchot, OF Olean, \. l.; W. H. Norton, OF
Allentown. ~ Y, and L. H. Smith, formerly president
OF the Now York Petroleum Exchange. The Rock
etelier brothers attended Tuesdays conference but
yesterday tue Standard oil Company and the National
Transit Company we're represented Dy benjamin
Bre ster II. h. Rogers. john r. Archbold, William
T. Schcde and Joseph Scep. Mr.. Schcde ia general
manager and MIR. Scep purchasing agent OF the
National Transit Company.
The dcploraJ couJtI IN of the oil producing inter-
cst- ana tno values which have ruled long have
excited active movement TO some reIei from
the sporting and soro ge dcPaIIm no oil the stand
ard system The direct aimed NJ IN ms conference Il
10 obta u primarily rcIuCtOn IA tie daily ratcr 81
stOra iron 40 cents per 900 Uarcs, aud second
arily d Element OF numerous points of detail wuoD
affect tho prosperity of the trade. 1t Ii Understood
that uf the eight points which have been formulated
iol discussion only one has not yet been agreed upon
That one material interest III that II Is believed TO
concern the storage CHARGE The representatives,
the 81. II ri interests willing 60 conccde reduc-
ton There DISPUTE Oser tue rate which has been
narrowed down 10 difference OF cents ia the neigh
borhood OF 20 ccnts The view taken bY conservative
oil men ast night that this question would be set
tied today by acceptance OF what the Transit peo
sl...ya al FL 4 sIa IA IN
IL il expected that todays discussion will result IN
putting the concessions agreed by the Standard
pie IN sh pc which will form the basis OF satisiao
tory contract between the producing transporting
interests he producers concerned III the conference
nrc acting only tor themselves. but any ayr ement
made wal bo benefit to the whole trade and " Ill
ODyiate need OF the legislation now proposed III the
rennaylv1nn House Of Representatives. There has
been strenuous objection to this cgsiaton, although
il has teen warmly advocated by many pennsylvania
producers and the parties the conference are hope
iul general acceptance OF tho concessions OF ;Lo
STANDARD people certainty IL the direction oil re
lieving the ad- OF mAny burdens la plao OF tho iit
cation and controversy likey to be excited III case the
bill before the arrisburs Legislators becomes law
Whilo the producers committee declined To make
public the details hch have been sGreod there
was general sentiment uptown at the hotels here
oil men gathered that the outcome OF the conference
would Ice satisfactory the producing interests at
Large aud I'D commend itself Tor general adoption
Where tue producers have yielded from their extreme
views the Transit Company has made concessions on
pont. which, while prominent IN the public eve
the storage rate, vitality Affect the interests uf the
Western ol miner Only low OF the PRODUCERS COM
mttcc are rtil oppnsed TO accepting the conn romse
rate The COMMITTEES Will meet the Standard people